"I didn't know the odds were so stacked against me. I went for TV shows and never got them. But I kept glued to the pursuit. I was the biggest fool in town, but ultimately I was the biggest fool in town with a job."

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The model I like to sort of simplify the notion of what goes on in a market for common stocks is the pari-mutuel system at the racetrack. If you stop to think about it, a pari-mutuel system is a market. Everybody goes there and bets and the odds change based on what's bet. That's what happens in the stock market.

— Charlie Munger